Debevoise & Plimpton is advising American International Group, Inc. (AIG) in its agreement with Nan Shan Life Insurance Co., Ltd. to sell the consumer and small to mid-size enterprise businesses of AIG Taiwan Insurance Co. Ltd. in Taiwan for $158 million (NT$4.819 billion). The transaction is expected to close in the second half of 2016, subject to necessary regulatory approvals.

AIG is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

The Debevoise team is led by Hong Kong partner E. Drew Dutton and includes New York partners Alexander R. Cochran and Peter F. G. Schuur, and London partner Richard Ward. Associates Allison A. Lee, Meir D. Katz, Mai T. Shapiro, Rebecca J. Sayles and Jayne Chi-Wing So also assisted.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.